Quote from: Putunembah on April 21, 2018, 09:39:11 AM

Quote from: MLBBPLG on March 31, 2018, 12:04:12 AM

what steps or plans can we take to deal with current bitcoin prices and conditions?

because the end of this bitcoin is experiencing a condition that slumped, like other coin coins.

Do we just keep silent waiting for bitcoin condition back victorious?

when bitcoin prices go down the steps we take is to keep hold of it and lest you experience panic and sell it,
and you say you still have real money you can buy it again when bitcoin prices go down, and you can hold it and sell when bitcoin prices rise high again, if we do not have the money to buy it, so what else, inevitably we have to wait until the price goes up, if you do not want to lose.

Obviously there are only few steps as far as I know:

1. Hold during dips - It doesn't really makes sense at all you sell during the dip because it only makes you lose more money. Instead just keeps holding and hope that one day the price will bounce back.

2. Sell when the price is high - Selling is not a bad thing, specially if you need fiat for emergencies. But sometimes timing is also needed. Only sell when you think you have at least make a decent profit out of it.

3. Cost averaging - This is a new strategy that I used specially at the time of crisis. How it works:

Quote

How Dollar Cost Averaging Works
For example, lets say you want to invest $100 into bitcoin every week. Should the price of the digital currency fall, your $100 will simply buy you more bitcoin. If the price rises, your weekly investment will buy you less bitcoin. By taking this approach, you can average out the cost you pay for bitcoin over time.

In other words, by using dollar-cost averaging, you are managing the risk of buying or selling at a less-than-ideal time. Since bitcoins price fluctuations can be severe, you might find yourself buying into the digital currency at a high point, only to see its value decline sharply. Alternatively, you might sell your bitcoin, thinking the market has hit a top, only to find bitcoin enjoy notable gains in a short time frame.

https://www.bitcoinmarketjournal.com/dollar-cost-averaging-bitcoin/